Coinbase is Considering to Open to the US Stock Exchange

Coinbase is Considering to Open to the US Stock Exchange

Crypto platform Coinbase announced that it plans to open a stock exchange in the US at the end of this year or early 2021. Coinbase Inc, which is expressed to be opening up to the public in the stock market this year, may become the first major US cryptocurrency exchange traded on the Stock Exchange. The platform, which has plans to be listed at the end of this year or at the beginning of the next year, requires the US Securities and Exchange Commission (SEC) to give a green light, according to a report based on Reuters. Sources, which stated that the plans in question may vary, stated that the company is in communication with investment banks and law companies. However, Coinbase has not yet applied to the SEC for these plans. The Coinbase spokesperson stated that the company did not talk about claims or speculations. The SEC did not agree to comment. The SEC stated that some cryptocurrencies may be valued and regulated as securities, but has not yet shared a specific guide under most virtual currencies. According to one source, Coinbase was said to be worth more than $ 8 billion in the last private fundraising round in 2018. It is stated that Coinbase is looking for a method of going public with a direct listing instead of the traditional initial public offering (IPO).